How To Overcome The Issue Of Cutting Loss Too Late
What I can say is that your issue of taking profit too early and closing, losing trades late is simply part of human nature, okay? Which means that you are absolutely normal, okay? You are just normal because human nature is just the tendency of one thing to take...
How To Draw Steeper Trend Lines In A Parabolic Move
We draw the most outer most uptrend line. So without drawing the line, it is very pretty clear that this is the general trend over the past four years has been going higher because we are seeing higher lows from here. Every low, major low that we see, is actually...
What You Should When Price Move Into A Tight Consolidation
Well, this is the part where you don’t want to take a step, okay. Because the price movement or the volatility has string significantly. Right now over the past I would say maybe about 10 to 20 sessions. Okay, so it has strengths significantly. So this is the...
The Way To Analyze The Probability Of A Price Action Move
Lightly, the good chance is that it will continue to possibly hit lower to here for another test. Okay, because 1.2 is a key support right now, with this turning around it might actually break above the red line and go to this 1.25 region. Okay, 1.245 region for a...
The Quick Start Guide To Drawing Horizontal Supports/Resistances
I always like to start from where the last price is and start to expand out from there. Right. So if we take a look right here this was pretty about the last done price and if you just look across the line across, you realize, okay, this seems to be where is a key...
The Ideal Way To Draw Longer Term Trend Lines On The Chart
This, as I mentioned many times before drawing trendlines, there’s no right or wrong answer. Because drawing trendlines itself is an art on its own. Yes, there is some basic fundamentals to drawing trendlines, but generally like what I showed you, the way that I...
Why Automated Stop-Loss Order Can Be So Helpful
Alright. And finally I do not have access to automated stop loss facility. If my stop loss level is touched intraday should I exit immediately? Okay, so just imagine this. If you have automated stop loss, it means that intraday, if it touches your stop loss level the...
High Conviction = Take Higher Risk Per Trade?
Right. So next question. If I decide to risk on 1% risk taker for each trade, and adequate occasions that I can vary this between 0.5 to 2%. So generally I would suggest that once you decide on 1% try to just implement this for all the trades that you take, okay?...
